As such, the so-called stock pickers were doing no better or
worse than those investing in broad market indexes. This
was problematic for the stock-picking business because its much
cheaper to be an index investor.

In recent months, those correlations had come down.

However, correlations in June seem to be back on the upswing.

Here's a chart from Citi's Keith Miller. You can see the
increase in the columns label "End of Last Month" and "End of
Prior Month."